NEST in a nutshell and FAQs

Five need-to-know facts about NEST:

  • NEST is the permanent name of the new national workplace pension scheme being launched in 2011 that is designed to meet the needs of low-to-moderate earners and their employers.
  • NEST will be one of the schemes employers can use to fulfil new duties under the workplace pension reforms due to come into effect from 2012.
  • NEST will be a low cost, easy to use, online pension scheme that is open to any employer.
  • NEST will be run by a not-for-profit trustee corporation called NEST Corporation.
  • NEST’s name and logo were developed after an extensive programme of research that involved more than 3,200 jobholders, employers and people who advise employers about pensions.

Read the frequently asked questions about NEST here (PDF, 45kb)

Source: Personal Accounts Delivery Authority

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